Ethereum $ETH has taken a significant hit, sliding from the $2,800 range down to $2,540 — and now teetering near $2,505. This zone could offer a reasonable entry point for those looking to "bottom fish," but caution is essential.
⚠️ Critical Level Alert: 2,428
This level is likely a trap set by market makers$BTC
. Many traders set their stop-loss orders just below this area — making it a prime target for liquidation wicks. If you choose to enter a long position, keep your stop-loss slightly below 2,428, and be ready to exit immediately if it breaks. No second-guessing. No hesitation.
📊 On-Chain Insight:
At 20:36 tonight, nearly 26,000 ETH was transferred to Binance. That’s a significant move and suggests increased selling pressure. This kind of activity often precedes volatility — meaning trying to catch the bottom here is like catching a falling knife.
💡 Pro Tip:
If you're entering a position, do it in small batches. Avoid going all-in. Preserve capital and flexibility.
🔻 If $ETH drops below 2,428, the next bearish target could land near $2,300.
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